1313 W 12th ST, Austin TX 78703

After reviewing 7 recent transactions in SHELLEY HEIGHTS, I estimate this property's value at $506,551. A competitive list price for this home right now would fall in the $332,000 to $342,000 range. Relative to what's currently available in SHELLEY HEIGHTS, this home would be the 2nd most expensive of 7 comparable homes on the market. At 22 years older than typical comps, the 1933 build date influences the valuation. The smaller lot (0.04 acres versus the area average of 0.08) contributes to the valuation. There are currently 7 similar homes on the market in SHELLEY HEIGHTS, ranging from $329,000 to $799,000. Prices in SHELLEY HEIGHTS have risen 60.9% over the last 6 months. A similar home at 711 Patterson Ave, Austin TX 78703 carries an adjusted comparable value of $831,565, providing a strong data point. With 7 comparable sales in SHELLEY HEIGHTS, this estimate carries a reasonable degree of confidence. This estimate is based entirely on market data. An in person evaluation could refine it further. Ed Neuhaus, Broker/Owner, Neuhaus Realty Group